Federal Signal (NYSE:FSS) Rating Increased to Strong-Buy at Citigroup

Citigroup upgraded shares of Federal Signal (NYSE:FSS) to a strong-buy rating in a research note published on Monday,Zacks.com reports.

A number of other brokerages have also recently issued reports on FSS. Zacks Research cut shares of Federal Signal from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 12th. KeyCorp reissued an “overweight” rating and issued a $140.00 target price on shares of Federal Signal in a research note on Thursday, April 30th. DA Davidson raised their price target on Federal Signal from $125.00 to $132.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Wall Street Zen lowered Federal Signal from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Weiss Ratings raised shares of Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $140.50.

Federal Signal Trading Down 3.1%

NYSE FSS opened at $122.22 on Monday. The stock’s 50-day simple moving average is $121.35 and its two-hundred day simple moving average is $115.97. Federal Signal has a twelve month low of $101.18 and a twelve month high of $134.51. The company has a quick ratio of 1.21, a current ratio of 2.74 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $7.46 billion, a price-to-earnings ratio of 26.34, a PEG ratio of 1.72 and a beta of 1.24.

Federal Signal (NYSE:FSS) last announced its quarterly earnings data on Thursday, July 30th. The conglomerate reported $1.42 EPS for the quarter, beating the consensus estimate of $1.29 by $0.13. The firm had revenue of $670.20 million for the quarter, compared to analyst estimates of $667.04 million. Federal Signal had a return on equity of 21.36% and a net margin of 11.66%.The company’s revenue was up 18.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.17 EPS. Federal Signal has set its FY 2026 guidance at 5.120-5.300 EPS. Research analysts forecast that Federal Signal will post 5.23 EPS for the current fiscal year.

Federal Signal Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Friday, August 14th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $0.60 dividend on an annualized basis and a yield of 0.5%. Federal Signal’s dividend payout ratio (DPR) is presently 12.93%.

Insiders Place Their Bets

In related news, VP Diane Bonina sold 14,856 shares of Federal Signal stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $130.44, for a total value of $1,937,816.64. Following the sale, the vice president owned 15,689 shares in the company, valued at $2,046,473.16. The trade was a 48.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Federal Signal

A number of large investors have recently modified their holdings of the stock. Geode Capital Management LLC increased its stake in shares of Federal Signal by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 1,725,757 shares of the conglomerate’s stock valued at $187,427,000 after purchasing an additional 18,587 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Federal Signal by 12.0% in the 1st quarter. First Trust Advisors LP now owns 1,161,865 shares of the conglomerate’s stock worth $125,644,000 after purchasing an additional 124,270 shares in the last quarter. B. Metzler seel. Sohn & Co. AG boosted its position in shares of Federal Signal by 60.5% in the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 30,772 shares of the conglomerate’s stock worth $3,342,000 after purchasing an additional 11,605 shares in the last quarter. Montanaro Asset Management Ltd grew its stake in shares of Federal Signal by 65.9% in the 4th quarter. Montanaro Asset Management Ltd now owns 68,500 shares of the conglomerate’s stock worth $7,438,000 after buying an additional 27,200 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. purchased a new position in Federal Signal during the first quarter valued at $57,749,000. Institutional investors own 92.73% of the company’s stock.

About Federal Signal

Federal Signal Corporation (NYSE: FSS), headquartered in Oak Brook, Illinois, is a diversified industrial company that designs, manufactures and markets a broad range of products and services for municipal, commercial and industrial customers worldwide. Founded in 1901 in Chicago, the company has grown through a combination of organic investment and strategic acquisitions to become a leading provider of environmental management and safety and security solutions.

Federal Signal operates through two primary business segments.